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Norways pension fund to divest from coal
2015-06-08 11:31:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: Norways sovereign wealth fund, the largest in the world, has confirmed it will divest from coal. The move comes after the fund faced increasing pressure from the fossil fuel divestment movement. The $900 billion (590bn) government fund will sell off stocks in companies that generate more than 30% of their output or revenue from coal. Companies with coal projects in development that would see them cross the 30% threshold will also be included in the divestment process. The stakes in the companies...
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Category:Electronics and Electrical